Money Market Fund Survey

Money market fund yields have gone up above 5% in recent days. With yield curve being flat, we do not have to extend the duration to get a higher return in the current market environment. Below is the small survey of the few larger money market funds from the two of the more popular fund families:

Vanguard Prime Money Market Fund (VMMXX)
Yield – 5.07%
Total net assets - $66.6 billion
Expense ratio – 0.30%

Vanguard Federal Money Market Fund (VMFXX)
Yield – 5.01%
Total net assets - $6.2 billion
Expense ratio – 0.30%

Vanguard Treasury Money Market Fund (VMPXX)
Yield – 4.65%
Total net assets - $5.2 billion
Expense ratio – 0.30%

Vanguard Tax-Exempt Money Market Fund (VMSXX)
Yield – 3.45%
Total net assets - $18.2 billion
Expense ratio – 0.13%

Fidelity Select Money Market Portfolio (FSLXX)
Yield – 5.05%
Total net assets – $1.44 billions
Expense ratio – 0.40%

Fidelity Money Market Fund (SPRXX)
Yield – 5.00%
Total net assets – $6.52 billion
Expense ratio – 0.42%

Fidelity Cash Reserves (FDRXX)
Yield – 4.93%
Total net assets – $82.04 billions
Expense ratio – 0.45%

All disclaimers apply.